CBI v. Vijay Mallya and others -- IDBI Bank Rs 900 crore loan fraud

Court: Special CBI Court, Mumbai · Status: TRIAL · Type: FRAUD

CBI chargesheet filed January 2017 against Vijay Mallya and others for fraudulently obtaining Rs 900 crore from IDBI Bank for Kingfisher Airlines. A supplementary chargesheet in March 2023 added former IDBI GM Buddhadev Dasgupta for alleged conspiracy in sanctioning the loans. Trial ongoing in absentia as Mallya remains in the UK.

Timeline

• 2015-10-01 Fir Filed: CBI registers FIR against Vijay Mallya, Kingfisher Airlines, and senior executives for bank fraud in connection with IDBI Bank loans of Rs 900 crore. [source]
• 2016-03-02 Other: Vijay Mallya leaves India for London, days after appearing before CBI. He does not return. [source]
• 2017-01-24 Chargesheet: CBI files 1,000-page chargesheet (Special Case No. 06/2017) against Vijay Mallya, Ravi Nedungadi, A. Raghunathan, and others before Special CBI Court, Mumbai, for criminal conspiracy and cheating under IPC 120B, 420, 406. [source]
• 2017-01-24 Warrant: Special CBI Court issues non-bailable warrant against Vijay Mallya after chargesheet is filed. [source]
• 2023-03-23 Chargesheet: CBI files supplementary chargesheet naming former IDBI Bank General Manager Buddhadev Dasgupta for allegedly conspiring with Mallya to sanction IDBI loans to Kingfisher Airlines despite known credit risk. [source]
• 2024-06-29 Warrant: Special CBI court issues fresh non-bailable warrant against Vijay Mallya in a separate case involving Rs 180 crore loan default with Indian Overseas Bank. [source]

Accused means charged, not convicted. We report what courts state. Every claim is sourced.